“The Woodland Hills sale is indicative of the type of product that is finding success in the Houston market today–Class A and B assets in suburban locations with a low reproduction cost,” said Curry. “The interest in Woodland Hills began building immediately, and it went under contract before it was even formally launched to the market, a scenario that was mutually beneficial for all parties involved.”

Woodland Hills is a 282-unit gated, garden-style community located at 3918 Atascocita Rd., within a 15-minute drive of Generation Park, a deed-restricted, 4,000-acre master-planned development that will include the FMC Technologies headquarters campus and the 52-acre Redemption Square corporate lifestyle district. The community offers one- and two-bedroom units averaging 891 square feet and a set of amenities including a swimming pool with sundeck, fitness center, clubhouse, lounge and business center.